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| Minimum wage up to £5.93 an hour http://www.x404.co.uk/forum/viewtopic.php?f=19&t=10810 |
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| Author: | pcernie [ Fri Oct 01, 2010 9:01 am ] |
| Post subject: | Minimum wage up to £5.93 an hour |
The national minimum wage has risen to £5.93 an hour from £5.80 and for the first time people aged 21 will benefit from the rate. Previously the full rate applied to employees aged 22 and older. There are also corresponding increases for younger workers, with 16 and 17-year-olds seeing a rise from £3.57 an hour to £3.64. For 18 to 20-year-olds the rate is increasing from £4.83 to £4.92 an hour, the new rules state. Continue reading the main story Related stories Living 'costs at least £14,400' Optician fined over minimum wage The government has also introduced a minimum wage for apprentices for the first time, of £2.50 an hour, for those under 19 years old. Warning However, the British Retail Consortium (BRC) has warned the government about further rises that could damage job creation. It said next year's increase must be no more than 1.7%, as a larger rise would seriously impede retailers' ability to maintain and create jobs. Stephen Robertson, of the BRC, said the government must strike the right balance between higher wages and more jobs. "Trading conditions are tough, higher costs, such as next April's National Insurance increase will pile on even more pressure," he said. "Even a small increase in 2011's minimum wage could choke off retailers' vital potential to create new jobs." The government is also cracking down on employers who flout the minimum wage laws. It said it would name and shame offenders, publicising breaches from 1 January 2011. Employment Minister Edward Davey said firms had three months to put their house in order. "Bad publicity can be a powerful weapon in the fight against employers who try to cheat their workers and competitors. Their reputation can be badly damaged if they are seen to be flouting the law," he said. The national minimum wage was introduced in 1999, at a rate of £3.60 an hour. http://www.bbc.co.uk/news/business-11446282 |
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| Author: | Amnesia10 [ Sat Oct 02, 2010 2:48 pm ] |
| Post subject: | Re: Minimum wage up to £5.93 an hour |
It should climb faster till it is a living wage. The fact that these people are able to spend more means that companies will do better anyway. The excuse that it slows job creation is fallacy. |
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| Author: | l3v1ck [ Sat Oct 02, 2010 5:15 pm ] |
| Post subject: | Re: Minimum wage up to £5.93 an hour |
If they want to creat jobs at the moment, I'm surprised they raised it at all. |
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| Author: | Amnesia10 [ Sat Oct 02, 2010 6:14 pm ] | |||||||||
| Post subject: | Re: Minimum wage up to £5.93 an hour | |||||||||
A rising minimum wage has no effect on job creation. It is fallacy which seems to persist no matter how much data disproves it. A bit like the fact that long term austerity has no benefit to an economy. |
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| Author: | l3v1ck [ Sun Oct 03, 2010 6:03 am ] |
| Post subject: | Re: Minimum wage up to £5.93 an hour |
I know, but you know how the government can be. |
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| Author: | MrStevenRogers [ Sun Oct 03, 2010 10:06 am ] |
| Post subject: | Re: Minimum wage up to £5.93 an hour |
the minimum wage should be set at a starting rate that no benefits/credits can be claimed and thats about £10 per hour, why should the tax payer have to supplement workers wages/earnings when employed in the private sector as it only gives greater reason for private sector employers to pay low wages ... |
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| Author: | Amnesia10 [ Sun Oct 03, 2010 11:34 am ] | |||||||||
| Post subject: | Re: Minimum wage up to £5.93 an hour | |||||||||
It is massive subsidy for employers who do not pay high enough wages for their staff to live on. Once there is a clear benefit for working then people will actively seek work. The problem is that the government will prefer to leave minimum wage to stagnate so that their employers can make bigger profits. |
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| Author: | Nick [ Sun Oct 03, 2010 5:58 pm ] |
| Post subject: | Re: Minimum wage up to £5.93 an hour |
Why is the minimum wage for a 19 year old £1 less than that of a 21 year old?  If they don't increase the minimum wage next year, then I think they should increase the scope of it to 18 year olds. |
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| Author: | Amnesia10 [ Sun Oct 03, 2010 6:12 pm ] | |||||||||
| Post subject: | Re: Minimum wage up to £5.93 an hour | |||||||||
The reasoning is that they are less skilled and so if employers were forced to pay them all the same then they would only employ older workers. There is no evidence that this is true but still a great way of screwing the low paid even more. |
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| Author: | Linux_User [ Sun Oct 03, 2010 7:41 pm ] |
| Post subject: | Re: Minimum wage up to £5.93 an hour |
I can't believe the CBI object to the minimum wage rising (actually I can, but you get what I mean) - living on £6 per hour is no fun. |
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| Author: | ProfessorF [ Sun Oct 03, 2010 9:29 pm ] |
| Post subject: | Re: Minimum wage up to £5.93 an hour |
Woot! Means my hourly rate is now the minimum wage! |
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| Author: | l3v1ck [ Mon Oct 04, 2010 8:32 am ] | |||||||||
| Post subject: | Re: Minimum wage up to £5.93 an hour | |||||||||
That would lead to a jump in inflation, raising costs for everyone. That would hit the poorest the hardest. (Ie Pensioners, unemployed etc) |
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| Author: | Amnesia10 [ Mon Oct 04, 2010 8:47 am ] | ||||||||||||||||||
| Post subject: | Re: Minimum wage up to £5.93 an hour | ||||||||||||||||||
I doubt it. Personally they could do it over time so that the impact is minimised. Rather than a single rise increase it each year till it reaches the living wage figure. |
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| Author: | adidan [ Tue Oct 05, 2010 4:43 pm ] |
| Post subject: | Re: Minimum wage up to £5.93 an hour |
Woah, don't spend it all at once. |
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